r 15 Comprehensive Problem i F3 ok t nces Year 1 Saved Help Save & Exit Submit January 20 Purchased Johnson & Johnson bonds for $20,500. February 9 Purchased Sony notes for $55,440. June 12 Purchased Mattel bonds for $40,500. December 31 Fair values for debt in the portfolio are Johnson & Johnson, $21,500; Sony, $52,500; and Mattel, $46,350. Year 2 April 15 Sold all of the Johnson & Johnson bonds for $23,500. July 5 Sold all of the Mattel bonds for $35,850. July 22 Purchased Sara Lee notes for $13,500. August 19 Purchased Kodak bonds for $15,300. December 31 Fair values for debt in the portfolio are Kodak, $17,325; Sara Lee, $12,000; and Sony, $60,000. Year 3 February 27 Purchased Microsoft bonds for $160,800. June 21 Sold all of the Sony notes for $57,600. June 30 Purchased Black & Decker bonds for $50,400. August 3 Sold all of the Sara Lee notes for $9,750. November 1 Sold all of the Kodak bonds for $20,475. December 31 Fair values for debt in the portfolio are Black & Decker, $54,600, and Microsoft, $158,600. Check my work t ok F3 -r 15 Comprehensive Problem i Saved Help Save & Exit Submit ! Required information Journal entry worksheet 1 2 3 4 Purchased Johnson & Johnson bonds for $20,500. Note: Enter debits before credits. ces Date January 20 General Journal Debit Credit Check my work -r 15 Comprehensive Problem i F3 ok t ces ! Required information Journal entry worksheet 1 2 3 4 5 Sold all of the Johnson & Johnson bonds for $23,500. Note: Enter debits before credits. Date April 15 Saved Help Save & Exit Submit General Journal Debit Credit > Check my work -r 15 Comprehensive Problem i F3 ok t ces ! Required information 1 2 3 4 5 6 Purchased Microsoft bonds for $160,800. Note: Enter debits before credits. Date February 27 Saved Help Save & Exit Submit General Journal Debit Credit View general journal Record entry Clear entry Check my work -r 15 Comprehensive Problem i Saved Help Save & Exit Submit -f 3 Year 3 February 27 Purchased Microsoft bonds for $160,800. June 21 Sold all of the Sony notes for $57,600. June 30 Purchased Black & Decker bonds for $50,400. August 3 Sold all of the Sara Lee notes for $9,750. November 1 Sold all of the Kodak bonds for $20,475. December 31 Fair values for debt in the portfolio are Black & Decker, $54,600, and Microsoft, $158,600. ok t ces Check my work 2. Complete the following table that summarizes the (a) total cost, (b) total fair value adjustment, and (c) total fair value of the portfolio of long-term available-for-sale debt securities at each year-end. Note: Loss amounts should be indicated with a minus sign. Debt Investments Long-Term Available-for-sale Securities (cost) Fair value adjustment-Available-for-sale Long-Term Available-for-sale Securities (Fair value) 12/31/Year 1 12/31/Year 2 12/31/Year 3 -r 15 Comprehensive Problem i f 3 Saved Help Save & Exit Submit December 31 Fair values for debt in the portfolio are Black & Decker, $54,600, and Microsoft, $158,600. Check my work 3. Complete the following table that summarizes (a) the realized gains and losses and (b) the unrealized gains or losses for the portfolio of long-term available-for-sale debt securities at each year-end. Note: Losses should be indicated by a minus sign. Realized gains (losses) Sale of Johnson & Johnson ok Sale of Mattel Sale of Sony t ces Sale of Sara Lee Sale of Kodak Total realized gains (losses) Unrealized gains (losses) at year-end Year 1 Year 2 Year 3